By: Gene Bazemore
According to Capital IQ and Founders’ proprietary sources, M&A and private placement activity in the third quarter of 2018 increased 4% versus the same quarter in the previous year. Transaction activity in the Dallas – Fort Worth market continues to be diversified with Information Technology, Industrials, and Consumer representing the top three sectors by volume. Overall, there were an estimated 107 transactions involving companies from the Dallas – Fort Worth area completed in the third quarter of 2018. Most of the transactions were sub $50 million in enterprise value; two of the largest transactions were in the Energy and Industrials sectors, including the Rocky Mountain Midstream LLC sale to KKR & Co. Inc (NYSE:KKR) for $1.2 billion and the sale of ATCO Rubber Products, Inc. to Mueller Industries, Inc. (NYSE:MLU) for $163 million.
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Founders Advisors (Founders) is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders’ focus is on energy, industrial, SaaS/software, industrial technology, internet, healthcare, and digital media companies located nationwide, as well as companies based in the Southeast across a variety of industries. Founders’ skilled professionals, proven expertise and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders are licensed with M & A Securities Group, Inc. or Founders M&A Advisory, LLC, both members of member FINRA & SiPC. M&A Securities Group and Founders are unaffiliated entities. Founders M&A Advisory is a wholly-owned subsidiary of Founders. For more information, please visit www.foundersib.com.